Anna Witosławska
Are Micro and Small Entities Required to Re-Adopt Simplified Reporting Measures?
The amendment to the Accounting Act in Poland introduces new obligations for certain entities. Beginning in 2025, some micro and small entities will be required to adopt new resolutions concerning the application of simplified financial reporting measures. These changes result from the amendment to the Accounting Act of 6 December 2024, which limits the validity period of previously adopted resolutions by approving bodies.
Anna Witosławska
Amendment to the Polish Accounting Act – What Does It Mean for Entrepreneurs?
Starting in 2025, significant changes to the Accounting Act will come into effect in Poland. These changes aim to implement two EU directives into the national legal framework and update, harmonize, and simplify regulations regarding record-keeping and reporting facilitation.
